Archive for the ‘fixer-upper business’ Category
Friday, July 24th, 2009
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I am back from vacation in Mexico and from attending the National Speakers Association Conference in Phoenix.
It was amazing to see the Aztec Teotihuacan Ruins in central Mexico. My wife and boys climbed the Pyramid of the Sun (pictured above) and the Pyramid of the Moon. My 11-year old climbed the Pyramid of the Moon twice! We cut back his consumption of pixie sticks shortly after that. All that sugar was giving him way too much energy! I had to sit out the climbing because I had a sore leg from playing soccer the previous day.
Nando Parrado was a keynote speaker at the NSA conference. He was in a plane crash in the snowy Chilean Andes in 1972, along with members of his rugby team, and survived for 73 days. Eventually, he walked across the mountains and saved his friends by bringing help. His incredible story was told in the movie “Alive”.
Upcoming radio interviews to discuss my book, Fix em Up Rent em Out:
July 30, Steve Hexom/Brian Nichols, KBUR AM 1490, Burlington, IA, 8:05 am
July 31, Rich Peterson, KROC AM 1340, Rochester, MN, 9:10 am
Info on Terry’s Book
Press and Media
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Tags:Fix em Up Rent em Out, Mexican pyramids, radio interviews
Posted in Fix em Up Rent em Out, fixer upper book, fixer upper houses, fixer-upper business, iowa, mexico, minnesota | No Comments »
Monday, June 1st, 2009
Here is my interview with Sam Bushman, on his great show Real Estate in Focus (KHQN 540 AM, Delta, UT), May 23, 2009.
http://www.arnaudio.com/rif/shows/rif20090523.mp3
Here is the promotional blurb from Sam’s site:
Real Estate In Focus 95
Saturday, May 23, 2009 10:46 AM
5/23/09 – Interview: Terry Sprouse Terry Sprouse buys fix-up houses, repairs them and rents them out in his spare time. He is author of the book “Fix ’em Up, Rent ’em Out: How to Start Your Own House Fix-Up and Rental Business in Your Spare Time.” This blog discusses aspects of buying, repairing and renting out fix-up houses. Practical advice from someone who does it every day. His web site is a how to blog. You can even ask him questions for free.iseswww.fixemuprentemout.com
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Tags:Fix em Up Rent em Out, fixer upper houses
Posted in All Things Real Estate, fixer-upper business, fixing rental houses, radio guest, radio interview, radio interviews, Sam Bushman | No Comments »
Friday, February 13th, 2009
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Here are the final numbers on the rental property that I purchased.
Price: $106,000
Interest rate: 5.125%
Term: 30 years
Down payment: $21,200
Principal & Interest: $457.37
Taxes & Insurance: $128.87
Total monthly payment: $586.24
Estimated rent: $770
The townhouse is 1100 sq.ft., 2 beds & 2 baths, washer, dryer, carport, and small back yard. It has a great central location and should rent easily. I have another property nearby that is very easy to rent.
It needs some cleanup and repair work in the kitchen, fire alarms, blinds in the windows, new toilet sets, etc. There is nothing big that we have to do to it. With my wife and kids pitching in, we should have it ready to go by the end of the weekend.
Here are a few more photos of the kitchen, the living room, and the back yard.
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Tags:Fix em Up Rent em Out, fixer upper houses, rental houses, townhouse
Posted in buying fixing renting rehabs, buying real estate, fixer uppers, fixer-upper business, fixing rental houses, house repair, house repairs, investing, investing in real estate, investing in your spare time, investment house, investment property, investments, investmet properties, learn repair skills, learn to invest in real estate, learn to make repairs, new purchase, rental house improvements, rental houses, rental properties, rental property, rentals, renting, repair, repairing properties, repairing rental houses, repairs, townhouse | 7 Comments »
Friday, January 16th, 2009
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Update on Investment Property Purchase Offer
Last week I made an offer of $105,000 on a 1100 sq ft townhouse that was being offered in a range of $115,000 to $125,000.
I asked for sellers to pay 2% of the the value of the house to help with closing cost (about $2,000)(see my previous article about a key phrase to include in your purchase offer to reduce closing costs)
The sellers countered with an offer of $112,000. I sent a note to the sellers saying “in order for this to work for us as a rental property, we have to stay pretty close to our original offer.” And I replied that we wanted to stay at $105,000.
After a little more back-and-forth we finally settled on $106,000 and they paid the 2%.
Other townhouses in the complex rent for $775 and my monthly mortgages payments should come in below $600 per month.
Presentation to American Businesswomen Association
Last Tuesday I made a presentation to the ABA about how I got started in the house fixer upper business. I’m trying to get out a little more to make presentations to various groups to promote my book.
It was really a warm and friendly group. They treated me to dinner and asked a lot good questions about the fixer-upper business, and they purchased many copies of my book.
Info on Terry’s Book
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Tags:american businesswomen association, Fix em Up Rent em Out, fixer upper houses
Posted in book sales, fixer upper book, fixer upper houses, fixer-upper business, investment property, presentations, purchase offer, speeches, townhouse | 5 Comments »
Friday, December 5th, 2008
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I was recently interviewed by the Arizona Daily Star and responded to a variety of questions related to my house fixer-upper business, such as:
Why did you write the book?;
How did you get into the fixer-upper business?;
Can you give away one secret of success?;
as well as several other questions that inquiring minds want to know the answers to.
Here is the complete interview, entitled “UA researcher fixes up houses on the side, writes about it.”
See also:
For yet another newspaper interview that I did see: Fixer Upper Business Highlighted in Newspaper Article.
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Tags:Fix em Up Rent em Out, fixer upper house business, fixer upper houses, Josh Brodosky, newspaper interview, secret of success, why write a book
Posted in book publishing, book writing, buying fixing renting rehabs, buying real estate, do it yourself, Fix em Up Rent em Out, fixer upper book, fixer upper houses, fixer uppers, fixer-upper business, fixing rental houses, how I got started in fixer uppers, how to make money renting housing, how to start a real estate business, How to start your own house fix up and rental busines, investing in real estate, investmet properties, learn to invest in real estate, newspaper, newspaper articles, real estat investing, real estate books, real estate investing, real estate principles, recession and real estate, rental houses, rental property, success | 2 Comments »
Monday, October 20th, 2008
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I’m pleased to announce that my book, “Fix em Up Rent em Out,” is an Award-Winning Finalist in the Real Estate category of the National Best Books 2008 Awards, sponsored by USA Book News.
Top 50 Amazon Reviewer D. Blankenship says,
What this work does give you is ideas and an outline, that through hard work, common sense, and a bit of luck, you can do quite well for yourself and have a bit of fun while you do it. The author is quick to point out the down side of every aspect of this business and points out ways, if there are any, to avoid them. On the other hand, the author does a wonderful job of pointing out the positive. He not only emphasizes the financial aspects, but does a very nice job of drawing attention to the many side benefits involved, and there are many of these! I like the way that the author directs your attention to the fact that a job well done is a wonderful feeling. The author has listed given us a great list of other books and resources to turn to which I find most helpful. Actually, his list of places to go for information is almost worth the price of the book alone.
A complete list of winners and finalists in each category can be found at:
http://www.usabooknews.com/bestbooksawards2008.html.
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Tags:best book awards, Fix em Up Rent em Out, USA Book News
Posted in book award, buy rental property using refinance home, buying fixing renting rehabs, buying foreclosures, buying real estate, career changes, excellent real estate books, Fix em Up Rent em Out, fixer upper book, fixer upper houses, fixer uppers, fixer-upper business, fixing rental houses, how I got started in fixer uppers, How to start your own house fix up and rental busines, invest real estate repai and sell or rent, investing book, investing in real estate, investing in your spare time, investment property, investmet properties, learn to invest in real estate, learn to make repairs, real estat investing, real estate books, safe ways to invest in real estate | 1 Comment »
Thursday, September 11th, 2008
Is it a good idea to invest in fixer upper houses in today’s economy?
I invite you to read my guest article Recession-Proof Investing with Fixer-Upper Rentals over at the ever-insightful moolanomy.com.
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Tags:fixer upper houses, moolanomy, recession
Posted in fixer upper houses, fixer uppers, fixer-upper business, fixing rental houses, how I got started in fixer uppers, How to start your own house fix up and rental busines, investing in real estate, investing in your spare time, investment house, investment property, investments, investmet properties, Moolanomy.com, real estate investing, real estate principles, recession and real estate, rentals | 2 Comments »
Tuesday, August 19th, 2008
Tags:door of opportunity for real estate investing, investing in real estate
Posted in fixer upper houses, fixer-upper business, fixing rental houses, invest real estate repai and sell or rent, investing, investing financial independence, investing in real estate, investing in your spare time, investment house, investment property, investments, investmet properties, opportunity zone, real estat investing, Uncategorized | No Comments »
Friday, August 8th, 2008
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Put your financial ship in order and get ready for your next fixer upper investment house purchase.
With interest rates still historically low and sellers beating the bushes to find buyers, now is the time to put your home equity to work by refinancing your principal residence.
If you need further convincing, check out my ezinearticles.com piece Refinance Now to Take Advantage of the Buyer’s Market Perfect Storm.
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Tags:buyer's market, fixer upper house, refinance now, refinance your home, refinancing your house
Posted in fix up houses, fixer upper houses, fixer uppers, fixer-upper business, investing financial independence, investing in real estate, investing in your spare time, investment house, refinance, refinancing, rental properties, rental property | No Comments »
Monday, August 4th, 2008
Tags:investing in real estate, social media Facebook, starting a fixer upper house business
Posted in Fix em Up Rent em Out, fix up houses, fixer upper houses, fixer uppers, fixer-upper business, how to start a real estate business, How to start your own house fix up and rental busines, Uncategorized | No Comments »
